Bullish Ethereum traders can place risk-averse bets with this options strategy
Cointelegraph
Published Aug 14, 2021 06:02PM ET
Updated Aug 16, 2021 08:20PM ET
Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee burn mechanism that drastically reduced the daily net issuance.
Although Ether is not yet a fully deflationary asset, the upgrade paved the way for Ethereum 2.0 (Eth2), and the network is expected to abandon traditional mining and enter the proof-of-stake consensus soon. Ether will then be slightly deflationary as long as fees remain above a certain threshold and adhere to the level of network staking.
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Written By: Cointelegraph
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